Apple Inc. (AAPL): Always Look On The Bright Side Of Life

Apple Inc. (AAPL): Always Look On The Bright Side Of Life
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Apple Inc. (NASDAQ:AAPL) is causing ripples on Wall Street, just as it always does. In recent days analysts have painted a pretty bleak picture of the stock, with numerous major investment firms downgrading shares of Apple Inc. (NASDAQ:AAPL). All those downgrades bright the stock below $500 per share this week for the first time in a while, but it’s not all doom and gloom for the tech giant, according to other analysts.

Apple Inc. (AAPL): Always Look On The Bright Side Of Life

As the Financial Post points out, one of the main reasons shares of Apple Inc. (NASDAQ:AAPL) are struggling is because of questions about the supply chain. Apple has been reducing orders of iPhone 5 components from its suppliers, so investors have been reacting to those adjustments.

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The Financial Times reports that Mark Moskowitz, an analyst with JPMorgan Chase & Co. (NYSE:JPM), believes there’s no need to be concerned about these adjustments. He said that there’s even a possibility that the iPhone 5 manufacturing yields have improved. If that’s the case, the company’s gross margin profile could bounce back up to 40 percent. Moskowitz reiterated his Overweight rating and $770 target price.

In late morning trades Apple shares recovered nightly, shooting back above $532 per share and prompting Forbes’ Panos Mourdoukoutas to title his latest article on the stock, “Apple’s Stock Above $530, Is The Correction Over?” Unfortunately after that article was published, the stock started to fall again, dipping back below $530 per share.

At this hour shares of Apple Inc. (NASDAQ:AAPL) are decreasing again, dropping another 1 percent in afternoon trades to around $529 per share.

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